I lost like 40$ :( but its ok its part of the process $SEI | Cristopher Mata on Binance Square

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Cristopher Mata

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Bearish

I lost like 40$ :( but its ok its part of the process $SEI CM.

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Cristopher Mata

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$SEI We see good movement in this currency. It's curious, unpredictable, to be honest, haha. A piece of advice (take it or leave it, obviously): watch the movement, see the real support because 0.26 may not be stable, but we do see stable growth for the moment. If it rises to 0.275, you might buy while you wait. CM. #Sei #money

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Note: This is my analysis. Always take your precautions and strategies. I'm just trying to give a point of view and possible increases or decreases👍. $SEI Technical Analysis of the $SEI/USDT Chart (1 Week) 1) Overall Trend (Macrocycle): The chart shows a clear dominant bearish trend. From its all-time highs (or at least those shown on the chart, near $1.15), the price has been consistently making lower highs and lower lows. This is the fundamental definition of a prolonged downtrend. 2) Support and Resistance Levels: It has broken down several important support levels during its decline. Currently, the price is at $0.2611, close to what could be new support levels. Previous price levels (such as $0.40-$0.50 and $0.70-$0.80) would now act as key resistance levels if the price attempts a rebound. 3) Trading Volume: High volume is observed at the peaks and in the initial phase of the decline. For most of the current downtrend, volume has generally been lower, with a few exceptions in recent weeks where a slight increase in buying volume has been seen, but it has not been sustained or strong enough to reverse the main trend. Low volume in a downtrend can indicate a lack of interest or that most sellers have already exited the market, but also that there is not enough buying pressure for a significant reversal. Conclusion: Bullish or Bearish? Based exclusively on technical analysis of this weekly chart: The dominant trend is clearly bearish. Technical indicators (downsloping moving averages and bearish crossover), price action (lower highs and lower lows), and volume (generally decreasing on the downside) suggest that bearish pressure will likely continue or that the asset will remain in a consolidation phase with a strong bearish bias. There are no clear signs of a strong bullish reversal on this weekly timeframe. Any upward movement would, for now, be a correction within the main downtrend and would face significant resistance at previous price levels.

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At some point in your life, you've probably made someone believe in you when you didn't believe in yourself. - Stephen R. Covey Just be patient and consistent, When you least expect it, all your efforts will bear fruit in due time. Quick money doesn't exist. There is no success in this world that doesn't involve hard work or dedication. Be yourself and put in the effort, and you'll see how everything turns out. CM. #TrumpVsMusk #Motivation #Sei

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$SEI This week will be crucial, US Congress will clarify cryptocurrency regulations. This is the glimmer of hope we're hoping for. Next week will be crucial, especially #SEİ in terms of growth; a very positive upward trend is anticipated. Maybe its a good oportunity to invest here

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$SEI The one-week chart shows no upward trend; on the contrary, it's increasingly breaking key support levels. Currently at 0.26, we can wait for it to drop one or two more points. Note: This is my own analysis your strategies are more important. I'm just providing information. CM. #SEİ #InvestSmart

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